The mining newspaper for Alaska and Canada's North

White Gold adds famed YU prospector to board

G4G Capital Corp. Dec. 20 announced the appointment of renowned Yukon prospector Shawn Ryan to its board of directors.

In recent years Ryan has made a number of important gold discoveries in the Yukon, including the 2.2-million-ounce Golden Saddle deposit at Kinross Gold's White Gold property; Goldcorp's roughly 3-million-oz. Coffee deposit; as well as a number of other prospects and deposits being explored in Yukon's prolific White Gold District.

"With the addition of Shawn, we have now assembled a team which has been directly involved with every major gold discovery in the White Gold District during this era," said Rob Carpenter, a C4G director and co-founder of Kaminak Gold, which significantly expanded Ryan's Coffee discovery before selling it to Goldcorp for roughly C$520 million.

In late October, G4G Capital announced finalization of an option to acquire 21 properties covering 2,490 square kilometers (roughly 615,300 acres) of the White Gold district from Ryan and Wildwood Exploration Inc., a company owned by Ryan and his wife, Cathy Wood.

Following his noted discoveries in the White Gold District, Ryan founded GroundTruth Exploration, an innovative exploration company that employs a strategic combination of geochemistry, remote sensing, geophysics and tactical drilling.

The technological advances developed by GroundTruth have revolutionized gold exploration in the Yukon - significantly cutting exploration costs, allowing crews to work year-round and minimizing environmental impact.

"Shawn has an outstanding track record of identifying high-quality early stage projects and his dedication and passion for exploration has led to major new gold discoveries.

I am looking forward working with him and GroundTruth this season," Carpenter added.

Considering that Agnico Eagle Mines Ltd. has agreed to invest C$14.52 million to buy a 19.93 percent stake in G4G Capital, the coming program should be well funded.

To better reflect its focus, G4G is changing its name to White Gold Corp.

Author Bio

Shane Lasley, Publisher

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Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.


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